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Getting valuation for remortgage

2 replies

Lamabanana123 · 19/02/2020 08:40

Hello! I’m not sure if this is in the right topic.
Our current mortgage deal is coming to an end and we are looking at remortgaging. We would like to get the house valued again as we have done a lot to the house since we bought it (new bathroom, kitchen, carpets ect). Apparently mortgage deals are better if your equity is higher and we are considering taking some money from the house to do further work on it (it needed everything re-doing!).
Does anyone know where we would look to get a valuation before going to the banks so we know what we are looking at? (in Scotland) I hope this makes sense!

OP posts:
20Newnames · 19/02/2020 08:42

A Chartered surveyor is who does house valuations in England, I can’t imagine it would be different in Scotland.

SmellMySmellbow · 19/02/2020 08:46

We got an estate agent round, took their valuation plus some research on zoopla and came up with a realistic price (cautiously a bit below agents price). We then applied for the mortgage, after which someone from the mortgage company came round to check we weren't over valuing it. As it was a remortgage they were pretty relaxed and asked us what we needed it to be min to achieve the interest rate band we were going for and said oir valuation wasn't unreasonable. No problems.

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